Token

Generation

Singapore, Singapore, December 19th, 2024, Chainwire 
UTXO Stack, a Lightning Network liquidity staking protocol, has completed its Series A funding round at a $50 million valuation, co-led by UTXO Management, CMS, and PAKA. This follows their successful seed round, which was co-led by ABCDE Capital and SNZ Capital, with participation from CKB Eco Fund, OKX Ventures, UTXO Management, Waterdrip Capital, Matrixport, y2z Ventures, and DRK Lab.
Building on this milestone, UTXO Stack plans to launch a groundbreaking large-scale airdrop incentive program in early January 2025, aimed at boosting BTC liquidity within the Lightning Network. Following this, they will collaborate with the mainnet launch of CKB's Fiber Network to introduce liquidity airdrop incentives for CKB and RGB++ assets. UTXO Stack is set to host its Token Generation Event (TGE) in Q1 2025, marking the first TGE within the Lightning Network ecosystem. 
<h5>Contact</h5>UTXO Stack Research Leader Chester UTXO Stack medium@utxostack.network 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

UTXO Stack Completes Series A Funding, Plans TGE in Q1 2025 (19 Dec)

Chainwire

Other articles published on Dec 19, 2024

Bitcoin May Rally to $120K After 7% Drop :Says Analyst

Investor lawsuit filed against Hawk Tuah memecoin creators, partners

Marinade Finance Makes Strategic Investment in SuperSol

Why Crypto Is Down Today? $588M Liquidations Hit XRP, Bitcoin, and Ethereum

Boost VC Invests in PoSciDonDAO, Welcoming It to Their Go-To-Market Program

SHIB moon-bound, as whales accumulate 10x coin alongside ETH, new ATH imminent

Join our free newsletter for daily crypto updates!